How to calculate the consulting service fee?
1. For consulting service companies, the consulting service belongs to the company's main business, and its accounting entries are as follows:
Debit: accounts receivable/bank deposits
Loan: income from main business
Taxes payable-VAT payable
2. If it belongs to other business income, the accounting entries are as follows:
Debit: accounts receivable/bank deposits, etc.
Loans: other business income
Taxes payable-VAT payable
3. If consulting service fees are paid to other companies:
Borrow: management fees and other subjects.
Loan: bank deposit/cash on hand.
Main business income refers to the operating income obtained by enterprises engaged in production and business activities in this industry. The main business income varies according to the different activities of enterprises in various industries. For example, the main business income of industrial enterprises refers to the product sales income; The main business income of a construction enterprise refers to the project settlement income; The main business income of transportation enterprises refers to the main business income; The main business income of wholesale and retail trading enterprises refers to the sales income of commodities; The main business income of a real estate enterprise refers to the real estate business income; The main business income of enterprises in other industries refers to operating (operating) income. When an enterprise reports its main business income, it generally reports according to the cumulative number of main business income indicators in the "income statement" of enterprise accounting in the previous year.
Accounting entry of consulting company cost
According to the current value-added tax category, consulting companies belong to the consulting industry in modern service industry. For this industry, the most important cost is labor cost. Generally speaking, when the consulting company includes labor in the cost, the accounting entries are as follows:
Debit: main business cost-labor cost
Loans: Payables-Wages
When actually paying wages, make the following entries:
Debit: Payables-Wages
Loans: bank deposits
Taxes payable-personal income tax payable